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. that includes 7 cents a share of negative impact about a because of superstorm sandy, because of those recovery efforts. what was the estimate, joe? >> i mean, the number that they're -- that we're seeing reported by reuters are -- i don't know whether that's yearly or what, but they're taughting fourth quarter of 1.48. >> fourth quarter, 38 cents. >> i saw that, but -- >> even with the seven cents back in, the estimate was 50 cents. >> this must have a lot on other stuff in it. the one that is sitting on the wire. we're getting some news from the company itself. but yeah, there is a -- does that include did they sell something or have a big gain? they might have. what did you -- >> 38 is what they say, plus the 7 cents. >> that is still below. >> below what the street would have been looking for and -- >> i doubt if they're going miss by -- you know, as stable a company as verizon is -- >> although the company is saying they were positioning themselves for growth in 2013. the story is the verizon sees opportunities in the fourth quarter to improve profits for 2013 means they probably threw a l
that a beat, wouldn't you, despite some losses from superstorm sandy. shares fresh 52-week high. up more than $2 at 78.49. do we like travelers at this price? >> we do. if you like this price, you could potentially sell some puts, that allows you to collected premium and come in lower. the ceo has done a great job. you look at this low interest rate environment, he's honing the prices. that's why they'll do better in the future. >> on to verizon, fourth quarter loss, missed expectations, seeing strong subscriber growth, but impact from super storm sandy and pension costs hurting that phone carrier. herb greenberg was on the earnings call this morning and pointed out that as we get more and more platforms in the mix there will be competition, subsidy reduction as there was in the basic phone history in the ecosystem. that sounds not so hot there, jeff. what do you think of verizon. >> verizon has spent a lot of their network, the fios network. so verizon, short-term you will havae agn opportunity to buy ha here. verizon are moving forward. they're diversified. it would be nice to see stated an
attention this focus and this demand for action really was triggered -- prompted by what happened at sandy hook elementary school where 20 innocent first graders were mowed down. in ten minutes some of them shot as many as 11 times. if we're talking about saving kids' lives and you've got four kids who wrote to the president and said please do something in the wake of this, i think it was totally appropriate for the president. >> absolutely. >> bill: bring them on stage yesterday. >> that's what i think separates them from a lot of other kinds of -- >> bill: speaking of exploiting children, then you have the nra -- so the head of the nra, talking about the ad of course, talked about it yesterday here on the show. i want to play it one more time because david keen, the president of the nra is out today defending the ad again and saying oh, no, we weren't talking about the president's daughters when we made that ad. let's listen to it. see if you can believe this buffoon. >> are the president's kids more important than yours? then why is he skeptical about putting armed security in our schoo
sandy survivors, how they're coping coming up. plus, senator john kerry, the chairman of the senate foreign relations committee, testifying to the senate foreign relations committee. it's all about his bid to be the next secretary of state. so how is that going to go? that's coming up. [ male announcer ] this is sheldo whose long day setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. >>> fox weather alert. it's january and cold. to relief for the deep freeze across the northern u.s. and forecasters say a developing storm could add snow to the mix. temperatures, better than the last couple of days bus freezing in louisville and d.c. especially painful for families who don't have any electricity or heat after superstorm sandy slammed the northeast. volunteers have set up warming tents on staten island. >> we have some propane heaters. our tent has propane heater but weather conditions like this the heater doesn't work so well. for t
-tv.com. >>> all eyes on sandy point state park for the annual polar bear plunge. the life changing plunge has a new twist this year one of them is you. jim sxhuts, first week on the job. >> that's one way to start a job. >> we will see how accurate i am in giving you valuable information. >> exactly. exactly. you are plunging for the first time, right? >> first time. >> you are the new guy you have to do it. >> the support is unbelievable we have corporate partners we have been doing this for 11 year nows. we had 20,000 people at the park. expecting similar numbers this year. we have done things to make it family friendly. we have a fee we and family plunge on saturday morning. >> that is new this year? >> actual there's the second year. >> that's great a lot of kids want to be involved. >> pee wee is for what? >> we do 8 and under. >> those are the pee wees. >> i know a lot of kids like to get involved. >> last year we raised 2.6 million. we have ground to cover. typically it comes later. payroll taxes all that stuff. the economy definitely impacts people. the thing that is great about this
sandy, of tropical storm sandy. they wanted to defend their own territory in terms of politics, but i didn't see anything particularly conspiratorial in any of that. >> no, they're actually trying to save themselves. they've got a bunch of people from very safe districts, and john is right, it would be very hard for democrats to take back the house until after 2020 because all those districts are gerrymandered, and, you know, if you can't take back the house, you certainly can't annihilate the republicans. it was a kind of loopy expression, and i think if john was being honest, he'd say he wouldn't have advised the speaker to say it. >> is victimhood now a republican meme? now republicans are all victims too? i know the democrats are sometimes truly victims, but are you selling the fact, hey, we're getting beat up by these bullies. is this the new thing, complaining, crying? do you think it works politically? >> i think the president's speech on monday did a wonderful thing for republicans. it got them united and fired up. he said nothing that anybody in any red states would say he's
. >> dan rivers in london, thank you very much. >>> one month after the massacre, sandy hook elementary school in connecticut, president obama moving to tighten gun control laws, and yesterday he signed 23 executive actions that don't need congressional approval, but he wants congress to ban military is style assault weapons and include background checks on all gun buyers. >> if there is even one thing to do to reduce gun violence, even one life that can be saved, then we've got an obligation to try. >> congress so far appears luke warm on proposals to tighten gun control laws and support among americans has dropped slightly. a new poll shows 56% report a ban on semi auto plattic assault weapons, down from 62% in december. >>> president obama expected to name his close aide, dennis mcdonough as new chief of staff. he will replace jack lew, who was nominated to be new treasury secretary. >>> check your flights. winter storm warnings in effect today from mississippi to washington, d.c. places you don't normally hear. meteorologist jennifer delgado looks at that. >> we're tracking snow out
dangerous situations. this is the way preparations were qurktd conducted when they went to help on sandy then. although they can't give too many details of this mission, eventually 200 members will leave for afghanistan and the horn of africa. this will be a 4 month deployment. >> when we are preparing for this we have to have screening and combat skills training and the straining necessary to complete our job so it is quite a bit of training leading up to the deployment. >> some of that deployment has taken place already, mostly in terms of getting cargo and supplies out there ahead of time similar to what you see now from that. again they can't talk about where they are headed first and a timetable. a big part of the deployment will start in two hours and be there and have a complete report on our 6:00 newscast. live at moffett field, robert honda, ktvu channel 2 news. >> we have new information out of san joaquin county where they look for clues left by the speed freak killers, this dig is expected to take several days and possibly several weeks. the work is focused on a well where
a ban on semiautomatic weapons, that's down from 62% in december in a poll taken right after the sandy hook massacre. >>> we said there's a lot to going on today. a major business story going on on top of everything else now. boeing with the jumbo-sized pr problem on its hands today as more airlines move to ground the much-hyped dreamliner. we'll have the latest on that. >>> and kidnapped and held in a basement when she was just 10 years old. katie beers tells her story 20 years later. ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card fr
on hand and when sandy had, the amount paid out exceeded the cash on hand in our existing borrowing authority. so congress has to appropriate almost $9 billion so we could go out and borrow enough money to pay those claims off. who is paying the interest on that? who was ultimately sat with the data if the insurance policies never pay that off? do the taxpayer. you are the insurance come me. it's called the national flood insurance program. you are responsible for that exposure and at the point where fema can no longer borrow enough money for congress cannot find my money, we will build a payer claims that the fault, which means it will come back to you the taxpayer to make up the difference. why was the flood insurance program created in the first place? remember that saying about it might be assigned? from the private sector said the risk and exposure to flooding is greater than our ability to make returns for shareholders. first of all, insurance companies are not evil people. they have a job to do to manage risk in such a way they can provide coverage at a rate which they pay ou
just a month after the sandy hook tragedy. school leaders there say prevention is now priority one. police say they will explore different ways of protecting and securing those schools. some of the suggestions include putting up gates and fences, surveillance cameras and entry locks at some key points around the school. parents there feeling good change will come. >> i feel very confident. >> why? >> well, i think just the fact that they're having this meeting shows that they recognize how important it is, and how important it is to the parents and for the parents to be involved. >> coming up on february 4th, los gatos town counsel will hold a meeting whether it can change town code to restrict future firearm sales. >>> happening now, the board of pilot commissioners is meeting for the first time since a tanker crashed into the bay bridge. the board's agenda does not include that crash, but board members could talk about the january 7th incident. it was foggy when that tanker sideswiped the bridge. there are also reports that faulty navigation equipment could have led to the crash.
of the sandy hook massacre. >>> manti te'o has agreed to his first on-camera interview since the scandal broke about his girlfriend that never was. te'o and his parents will sit down with abc's katie couric, for a show airing this thursday. in an offcamera interview with espn, te'o acknowledged he handled the situation poorly. but he denied any involvement in the hoax. >>> and as you already know, it is all about the super bowl match-ups this morning. with all the highlights, here's espn news. >> i'm hakem dermish with your "sportscenter." and ray's ride continues. ray lewis and the ravens, taking on tom braidy and the patriots for a trip to the super bowl. new england takes a 10-7 lead. fourth quarter we go. baltimore up one. joe flacco to anquan boldin. touchdown, baltimore. an 11-yard touchdown from flacco to anquan boldin. that capped off the game for baltimore. 240 yards, 3 touchdowns, no interceptions for flacco. and the baltimore ravens are going to the super bowl, winning 28-13. >>> we're in atlanta for the nfc championship game. colin kaepernick and the 49ers, taking on matt ryan and
and the sandy hook elementary school. >>> our state will be represented in this year's inaugural parade. university of maryland marching band will serenade the audience with music. it's selected from more than 2,000 bands who applied to take part. this is video of the band performing in front of fellow university student. this is the 4th time in the 104 year history they are taking part in the celebration. >>> remember we are your home for the complete inauguration coverage. we will have live team coverage in the nation's capital and we have a special section on the abc2tv app. down load that app from the app store. >> and if you are looking forward to heading down there, we need to bundle up. >> yes, you do. it's going to be a chilly day especially this morning. but as we go into the afternoon i will calling it more seasonable. we won't get the arctic blast until tomorrow. you see the low temperatures this morning, these will be our high temperatures tomorrow. so oh, yes, we are going to feel it. right now, in perry hall, temperature at 26 degrees. 24 in west friend hip. around at 30 a
of hurricane sandy. many people left with just a structure around them, no heat, just the studs where the walls once were. like the home where nbc's katy tur is visiting tonight, staten island in new york. good evening. >> reporter: good evening, brian. outside the real-feel temperature is about 6 degrees. inside, where people are living, it's about 32 degrees. it got so cold in here last night, these water bottles on the wall actually froze. and this home has heat. >> up. >> reporter: scott and dee mcgrath's whole life has been moved into one small bedroom. >> this is my dining room -- >> living room. >> living room -- >> bedroom -- >> bedroom and computer room. everything all in one. >> reporter: thermostat set to 90, actually temperature 65. downstairs, though, it's a whole other ball game. >> as you can see, we have a lot of exposed walls. >> there's a lot of people living like this. just because we have heat and electric back on doesn't mean we're actually staying warm. >> 39. >> 39 degrees. >> reporter: the mcgraths have been living this way for three months. in november, they pleaded for
had a derailment because of it. we had record fires. we had record levels of damage from sandy, $70 billion. if we can't see the downside of spending that money and risking lives for all the changes that are taking place, to agriculture, to our communities, the ocean and so forth, we are ignoring what science is telling us. i will be a passionate advocate on this not based on ideology but based on facts and science. and i hope to sit with all of you and convince you that this $6 trillion market is worth millions of american jobs and we better go after it. >> to my good friend senator barrasso, wyoming is a producer state, new mexico is also a producer state and i found the same experience that senator kerry has talked about in massachusetts, in new mexico, the fastest growing sector these renewable jobs. so i think it's a big opportunity for us. we should be pursuing it. i agree with what he just said and i hope we can work with each other, because we should try to pull together and discuss the facts and really pursue this sector that is going to be so vital to the future and vital
he called the worst day of his presidency, when he was told about the massacre at sandy hook elementary. he now mentions this effort nearly daily. >> to protect our children and protect them from the horrors of gun violence. protecting our children from harm. >> reporter: the public is behind the president on some proposals. gun show background checks, an owner database. but a ban on assault weapons appears unlikely, as republicans push back. >> this is not designed to actually solve the problem of violent crime. this is designed to assuage liberal partisans. >> reporter: it's not just republicans. the white house admits not all democrats are on board. >> i do think things have changed since newtown. we're going to twist the arms of democrats and republicans and engage the american people in this debate. >> reporter: david kerley, abc news, washington. >>> as inauguration festivities get under way, the nation is pausing to pay tribute to martin luther king jr. community leaders and celebrities got a jump on things in washington with an annual wreath laying ceremony. >>> and m
with the sandy and fiscal cliff votes. >> we'll stick with the metaphor. warming in cooperation or chilly confrontation? >> the incentives nationally for republicans are to do something about immigration. but if you are -- your average house member up there, you just won your district. probably did not support barack obama, and frankly your incentives are not aligned with the national party. you don't care about whether chrissis chriss christie or marco rubio gets support. pundits and grassroots and a lot of members will decide the issue in the house of representatives. >> big challenges for the president and internally. ahead on "starting point," we've heard about the second term curse. the final four years can turn into a bit of disaster. the obstacles that could give this president some second-term trouble, next. financial obstacles military families face, we understand. our financial advice is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] [ male announcer ] life brings obstacles. usaa brings retirement advice.
's causing some real problems for victims of super storm sandy. believe it or not, some of those folks still have no heat, no power in their homes. including this man in new jersey who has yet to receive any aid and is now living in a trailer next to his house. authorities in several american states are already blaming the weather for multiple deaths. schools are closed all over the place. commuter trains and subways jammed. and let's not forget about the frozen pipes and the water mains. take a look at this. chicago firefighters before dawn had to battle a warehouse fire. one of the biggest they have had in years. but the water froze right on to the side of the building. the conditions so bad, look at this. a third of the department had to help put it out. they even had to bring in empty city buss so firefighters with frozen gloves like this guy had a place to try to get out of cold. incredible. steve brown our chicago-based correspondent with more on the deep freeze. the number of deaths appears to be rising tonight. >> yeah. we're across the street from that warehouse fire that you mentio
saw that directly in full force. it has been 79 days since hurricane sandy before the republican majority in the house was linked to do something to address the problem. 79 days where people can't flush their toilets. 79 days where people are living in the dark with candlelight and it took that long for the republicans to do anything to help all of those people. it is shock. they can't get anything done. >> john: those people live in the northeast and not in actual america. i think that's the rationale. >> i think the rationale is what it always is. the republicans don't want to do anything for anybody. there is a mean streak, too that you only see -- you only recognize when you're close up. these are people who went to kick you when you're down. >> john: like you so eloquently described republicans' plan seems to be do nothing. when you see you your g.o.p. colleagues do nothing now it is on gun control measures, what do you think the odds are when the next mass shooting happens god forbid, will they be blamed? will the g.o.p. once again bow to the nra pressure or is this time go
. >> john: who doubt, and who cannot cheer what he has done for sandy victims. >> and the police forces, they love him too. >> john: and we could use that tunnel to manhattan as well. >> to predict anything about what chris christie's bigger play is on the national scare right now-- >> that was a double pun in there. >> yeah, exactly. wait until there's not this desperate emotional place that we're in, and again you know, chris christie was amazing in new jersey, but to give someone credit for loving the state that they're a governor of and stem in and do whatever they want, it's like saying he doesn't feed his kids. he drives them to school. isn't that great he changes a diaper yeah, i love that he did but he's supposed to. just like giuliani was supposed to after 9/11. >> it only makes sense defense secretary leone panetta will be lifting the ban on women serving in combat positions. it's been a long time coming especially since women have been serving on the front lines. are you bewildered about the timing of this today? >> it seems like a news cycle but not every announcement is tim
. >> let's check in now with brian for a look at the news edge at 6:00. >> sandy hook advisory commission meets for the first time since the deadly school shooting. the newly released footage from the deadly hostage stand off. and hundreds of thousands of pro-life supporters begin to arrive in washington. that and more on the news edge at 6:00. >>> strangling a doctor, tying her up and burning her body. jason smith had an argument and strangled her with a rope. investigators say he never met her before. he went to a home for an appointment about an hour before police were called. charged with murder and other counts. >> a not guilty plea. charged with stocking and threatening a former girlfriend and a plastic surgeon who gave her a breast augmentation. the 56-year-old voice actor paid for his surgery and demanded the money back when they broke up. he even threatened to kill her and her son. if found guilty, he faces a maximum sentence of 9 years in prison. >> the woman who was blinded when her lover hired hit men to throw at her face. served 14 years in prison for the crime. after he rele
'll tell you one very personal and it do. three days before the sandy hook shooting us in denver, colorado on personal business and writing to the denver suburbs and i passed into a rural, colorado and saw the sign and thought to myself, as journalists often do, this just disappeared from our landscape. it happened not that long ago in which a young man who appears to be utterly to range, went into a movie theater and began shooting people with an assault weapon. and it went away. it was not part of the presidential debate coming apart at the fabric of our lives, not to do the diet. so on that wednesday night, i e-mailed the producer of the "meet the press" show coming up on that sunday in which they would be talking about big ideas america needs to be thinking about. and i said, you should put shooting at the top of the list. we have been through aurora, the sikh temple, the oregon shopping mall. this was before we got to sandy hook and newton. we had a time of absolute carnage in america to say nothing of what was going on in the city of chicago in most urban areas around america. 506 ho
if these safety concerns will affect the purchases. each aircraft costs $200 million. wolf? >> sandy endo, what does all of this mean for the future of the dreamliner? miles o'brien is a pilot and correspondent on pbs and an old friend. is it safe to fly, you think, these dreamliners? did the faa do the right thing? zf we >> well, you know, it's better to error on the side of the caution. there's no dreamliners in the sky so whether it's safe or not doesn't matter to you or i. i guess by definition it's unsafe because the faa has taken this very unusual action of grounding a whole fleet of airplanes. this happened with a dc-10 in 1989 after killing everyone on board. that was a maintenance issue, but the dc-10 aircraft ultimately never recovered its reputation. >> if these batteries are overheating, would that be enough to actually bring down a plane? >> you bet. fire on an airplane is one of the scariest things you can imagine. we've seen a couple of crashes in recent years involving fires from airplanes. of course, you remember value jet outside of miami. you remember the swiss air crash off
. in the room with him were a number of parents of children killed in the sandy hook elementary school in newtown, connecticut, including lynn and chris mcdonnell, the parents of grace mcdonnell. president obama spoke about grace today. >> and when i visited newtown last month, i spent some private time with many of the families who lost their children that day. and one was the family of grace mcdonnell. grace's parents are here. grace was 7 years old when she was struck down. just a gorgeous, caring, joyful little girl. i'm told she loved pink. she loved the beach. she dreamed of becoming a painter. and so just before i left chris, her father gave me one of her paintings. and i hung it in my private study just off the oval office. and every time i look at this painting, i think about grace. and i think about the life that she lived and the life that lay ahead of her. and most of all, i think about how when it comes to protecting the most vulnerable among us, we must act now. >> you may remember i interviewed grace's parents days after the killing. they gave me a copy of that same draw
of parents of kids killed in the sandy hook in newtown. >> i spent some private time with many families that lost their children that day. one was the family of grace mcdonald. grace's parents are here. grace was seven years old when she was struck down. a gorgeous, caring, joyful little girl. i'm told she loved pick. she loved the beach. she dreamed of becoming a painter. so just before i left chris, her father, gave me one of her paintings, and i hung it in my private study just out of the oval office. every time i look at that painting, i think about grace. i think about the life that she lived and the life that lay ahead of her and most of all, i think about how when it comes to protecting the most vulnerable among us, we must act now, for grace. >> we may remember. i interviewed grace's parents days after the killing. they gave me a copy of that same drawing as well. i spoke with them earlier this ink. they didn't want to come on camera but were overwhelmed by the president's words and said they drew strength from his determination. what president obama plants plans to do, legislat
of you are helping to lead efforts to heed and to honor the lessons of sandy hook elementary school and the realization that unacceptable levels of gun violence plague our cities and towns every day. now, this unspeakable tragedy, but also the individual tragedies that take place on your streets all too often and all too often unnoticed, stand as stark reminders of our shared responsibility to address not just the end dem cantic of gun-related crimes and the ongoing need for vigorous enforcement of our laws, but also the underlying conditions that give rise to gun violence. throughout our history the overwhelming majority of american gun owners have been responsible, law-abiding citizens. yet we have repeatedly seen in the most tragic ways how easy it can be for dangerous people to acquire and to wreak havoc with deadly weapons. now, although there's no single solution that can bring a decisive end to this senseless violence, it's incumbent upon each of us to try. and it's time to consider what common steps we can take together to save lives. you know, this means doing everything th
from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. >>> it's a beautiful look at washington, d.c., in the wee hours of the morning. welcome back, i'm john berman along with randi kaye. president obama has something new on his limousine for this inauguration weekend. we'll show it to you here. at the bottom it says taxation without representation. washington, d.c. dmv put that on plates 13 years ago. the district city council passed a resolution last week asking the president to change his plates, he did. >> there they are. >>> we all know what it takes to throw a good party, even an inauguration party. good friends, good food and maybe a good cocktail or two. what does that mean here in washington? >> when it comes to political parties, none bigger than a presidential inaugration, like any good celebration, it requir
as the sandy hook tragedy took place. both of these things will be stretched out over time and come together. that's the only thing that should get to the president's desk, constitutional, prudent decisions made by the house, the senate, and the presidency. >> on the day of celebration, congressman, appreciate your time. it does seem we're heading towards what's more familiar in this town krb i know mayor booker is not a huge fan of it, but it's become a staple in this town -- confrontation. >> he's not a fan of it, but i bet he's pretty good at it, i'm going to guess, go out on a limb on that. thank you, john. appreciate that. >>> still ahead on "starting point," president obama has faced well publicized battles with congress. we're going to talk to senator angus king, an independent. he says he came to washington to shake things up. we'll ask him what that means straight ahead. ♪ [ male announcer ] the distances aren't getting shorter. ♪ the trucks are going farther. the 2013 ram 1500 with best-in-class fuel economy. engineered to move heaven and earth. guts. glory. ram. the new ram 15
responders who were there for hurricane sandy and it featured them along with some models wearing some new york collection items. now the magazine said when the storm hit, the city's bravest and finest punched back. now with the area on the mend we paid them a visit, dressed in the best of new york collections. the photos shot by annie liebowitz. what do you think about these photos? donnie, you're an image guy. >> why not? why is it okay to take shots because of football stars and not our heroes? >> some think it's vulgar. >> why is it vulgar? we're celebrating them. >> some people thought they weren't celebrating them. >> using them as a marketing tool to sell these fashion items. >> some people are still suffering the devastation of sandy. when you look at the photographs it's like pay more attention to us. >> should they not go on talk shows? these are heroes. why can't we celebrate them? >> while so many people are still trying to recover, they've lost their homes and all their belongings, do they want to see the marketing of high-fashion items next to these first responders? >> by th
carefully after the bump up from hurricane sandy, it came right back down. that's a good sign that people are not getting fired. and second, an underrated index, the index of leading economic indicators. you saw the slump, that slump was around the middle the year as the whole economy was worrisome but look how well it's come back towards the back end the year. that i think is part of the scenario that we'll grow faster than we have. look at house, retail sales, look at manufacturing, look at other indicators, they've ended the past year pretty good and they are starting the new year pretty well, 2.5%, it ain't the greatest i rather have 5%. leapt us move on. big day for democratic senator diane feinstein. ban 150 types of hand guns and rifles. over time dry up the entire supply of weapons. while she's at it she forgot say that she's in complete violation of the second amendment. this is over the edge stuff with all due respect to miss feinstein. we'll be right back to cover it. . >>> welcome back to "the kudlow report." i'm larry kudlow. in this half hour you can say we didn't warn you.
wand to say we'll look at sandy funding for the hurricane victims then take this up in a couple of days. why not do it today? you're riding the wave of the inaugural address yesterday. are these guys even serious about reform or do they just always want to be able to play good cop against republicans in a pantomime that never ends? >> two things you have to recall about this particular incident. the first is that the senate is a clubby atmosphere. it is like -- somebody described it as one of the most exclusive clubs in america. only 100 members. it doesn't change very often. they want to be able to get along with each other and look as though they've got some kind of comedy. they've got some kind of gentlemen's arrangement that can move things forward. the problem with that theory is the republicans haven't been playing under those rules for years. we've got a supermajority that's required to get anything done and a minority that can actively block it. the second thing is a lot of the leadership is coming from the top, down. not from the bottom, up. you have the udall merkley bill that
this is what i do when you think about newtown, hurricane sandy and military families who have lost loved ones in iraq and afghanistan, it is a major part of this job and it's not an easy part of it. >> reporter: i think that's exactly right. you see the president and first lady as they get into, again, what we call the beast. just across from us, the adams hotel. on the roof of the hotel some staff members are up there. that's who the president was waving to, everyone trying to crane to get the best opportunity they can to see what's taking place there. we pan the camera back around and you can see the vice president waving to individuals alongside his wife, dr. jill biden. they will head over to the white house again today. there's a thumb's up from vice president joe biden as he looks up to the individuals watching here as well. really struck by this moment as you see, the vehicles out front. this is a tradition that has dated back for decades, of course. president obama attending church here far less often than some of his predecessors only a short distance away. we see jim messina. withou
1995 due to superstorm sandy. gorman did say on the call morgan stanley remains committed to it. simon, back to you. >> we should point out that% return is weak. pretty tepid. >> but better than what we have seen from the bank over theast couple of years, simon. >> thank you very much for that. one of the key take aways from the bank earning season now that most of the big guys have reported, neil wineburg is editor and chief, joining me here at the new york stock exchange. what did you say? >> it is a good news/bad news story. goldman sacks, morgan stanley did well. among the commercial banks, j.p. morgan did well but there is a lot of problems with mortgages and consumer related banking. that is obviously reflected in bank of america and city banks earnings which disappointed. >> do you think the bank stocks have done well? if we look at the laugh month, there's been a strong rotation, more aggressive rotation into the investment banks goldman sachs springs to mind. do you think that will continue in the first quarter should people swap out perhaps from the big consumer banks to seco
in the month since sandy hook, we realize this is a huge problem for our society, and is undermining our constitution. so we said we have to step up. we have got a lot on our plate, but this is one issue we need to speak up about so we're doing it. >> stephanie: absolutely. and sister it is interesting -- i don't know which statistic sounds worse, but i think one of the parents at sandy hook were saying that 85% of the children that were killed in the world are killed here. >> oh, my glory, i hadn't heard that one. oh, my glory. >> stephanie: yes. >> i did get to be at the president's unveiling of this program, and when he spoke of the one child grace whose picture he keeps in his private study, i thought oh my heavens that's it. when we have a specific person who is lost to all of us whose gifts are lost to all of us because of the senseless violence. >> stephanie: that's right. when you see the pictures -- the parents of -- rachel madoux did an interview of one of the parents and they said their duty as parents will never end and they feel it is their responsib
superstorm sandy, he said the issue must be addressed. >>> home improvement giant lowe's plans to hire 54,000 part-time workers this spring and will also add 9,000 permanent part-time jobs. the company says it's looking to beef up staff around peak shopping times. >>> we're watching shares of apple dive, i mean dive today following an earnings report that fell short of analyst expectations. alison kosik is at the new york stock exchange and you prekik d predicted this and as always you were right. >> reporter: as always. we're watching apple shares drop like a rock down 11%. we look at what apple said in its earnings after the bell. they cannibalized themselves. people wound out buying lower priced products, instead of buying the iphone 4, more bought the iphone 4 or 4s. instead of the ipad they bought the ipad mini. apple reported record profits. they sold 48 million iphones in the latest quarter, more than half a million iphones sold every day in october, november, and december combined. you look at their ipad sales almost 23 million ipads sold. apple sold 12.6 million ipods so as much
about a double whammy. new yorkers who made minimum home repairs after superstorm sandy may not have enough heat. >> we are just freezing here. >> reporter: one raezing warming centers are springing up in cold weather cities. giving the most vulnerable young and old some relief. >> i haven't had heat -- hot water and heat for three days. yesterday was a little bit of heat came on. only heat we got was in the bathroom. in syracuse, a heavy downfall, lowering visibility, giving snow blowers a workout, making it tough for postal carriers to get from house to house. >> hopefully the driveway will already be plowed when i get back. >> reporter: in iowa city, iowa, just one degree above zero. a dog shelter begging for help after a heating broke down. extra blankets needed to keep the cement floor warm for man's best friend. >> it's a stressful environment. >> reporter: outside pittsburgh when a water main broke in the middle of the night, single digit temperatures gushing watt near a sheet of ice. subzero temps aren't all bad if you like ice boating. skimming across the ice at speeds of up
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